Singapore economy

Solidarity Budget to help tide through 'circuit-breaker' period: DPM Heng

DETAILS of another major support package - called the Solidarity Budget - will be announced in Parliament on Monday at 2pm by Deputy Prime Minister and Finance Minister Heng Swee Keat in a...

Layoffs may loom as Singapore factory outlook falls to 2009 levels

SINGAPORE'S factory activity has fallen to levels last seen during the Great Recession, according to early industry figures out on Friday.

Singapore retail sales shrink 8.6% in Feb with outbreak

SINGAPORE'S retail sales continued sliding in February due to the decline in tourist arrivals and lower domestic consumption arising from the deepening coronavirus pandemic.

Wary analysts await Monday rescue plan, but warn of deeper recession risks

THE new set of moves to curb the deadly rampage of Covid-19 might deepen the dent in the Singapore economy, economists have warned, as they fret over the downside to their already-sober recession...

MAS' double-tap policy easing still an exercise in restraint

SINGAPORE'S central bank brought out the big guns on Monday.

Singapore hotels 51% full in Feb 2020, room revenues plunge 40%: STB

SINGAPORE hotels were only half-filled in February, resulting in a 40 per cent plunge in room revenues, as coronavirus fears threaten to bring the global travel industry to a grinding halt, according...

Behind-the-scenes look at President's nod to draw on reserves

SINGAPORE'S president has given "in-principle support" for the government to draw on past reserves to fund a substantial second stimulus package aimed at rescuing the novel coronavirus-battered...

Wage support may help save jobs - but not all of them

THE financial ordeal is far from over, but a fresh round of wage support could stave off the spectre of layoffs, especially for workers in sectors reeling from the Covid-19 pandemic.

Covid-19 impact pushes Singapore's 2020 GDP forecast into negative turf

SINGAPORE's official growth forecast has hit negative territory for the first time in nearly a decade. This comes as the Republic braces itself for what is likely the worst economic contraction...

Singapore, partners pledge to keep essential trade moving

SINGAPORE and half a dozen other regional economies have pledged to keep air, sea and other trade flows open during the Covid-19 pandemic.

Singapore shuts entertainment spots including bars, cinemas in virus fight

SINGAPORE authorities are shutting down all bars, entertainment venues and tuition centres, and cancelling all events among a series of tightened measures to minimise further spread of the novel...